Bill Text: IL HB5480 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Gas Revenue Tax Act. Provides that no tax shall be imposed under the Act from July 1, 2022 through June 30, 2023. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-01-31 - Referred to Rules Committee [HB5480 Detail]
Download: Illinois-2021-HB5480-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Gas Revenue Tax Act is amended by changing | |||||||||||||||||||
5 | Section 2 as follows:
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6 | (35 ILCS 615/2) (from Ch. 120, par. 467.17)
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7 | Sec. 2.
A tax is imposed upon persons engaged in the | |||||||||||||||||||
8 | business of
distributing, supplying, furnishing or selling gas | |||||||||||||||||||
9 | to persons for use or
consumption and not for resale at the | |||||||||||||||||||
10 | rate of 2.4 cents per therm of all
gas which is so distributed, | |||||||||||||||||||
11 | supplied, furnished, sold or
transported to or for each | |||||||||||||||||||
12 | customer in
the course of such business, or 5% of the gross | |||||||||||||||||||
13 | receipts
received from each customer from
such business, | |||||||||||||||||||
14 | whichever is the lower rate as applied to each customer
for | |||||||||||||||||||
15 | that customer's billing period, provided that any change in | |||||||||||||||||||
16 | rate
imposed by this amendatory
Act of 1985 shall become | |||||||||||||||||||
17 | effective only with bills having a meter reading
date on or | |||||||||||||||||||
18 | after January 1, 1986. However, such
taxes are not imposed | |||||||||||||||||||
19 | with
respect to any business in interstate commerce, or | |||||||||||||||||||
20 | otherwise to the extent
to which such business may not, under | |||||||||||||||||||
21 | the Constitution and statutes of the
United States, be made | |||||||||||||||||||
22 | the subject of taxation by this State.
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23 | Nothing in this amendatory Act of 1985 shall impose a tax |
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1 | with respect
to any transaction with respect to which no tax | ||||||
2 | was imposed immediately
preceding the
effective date of this | ||||||
3 | amendatory Act of 1985.
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4 | Beginning with bills issued to customers on and after | ||||||
5 | October 1, 2003, no
tax shall be
imposed under this Act on | ||||||
6 | transactions with customers who incur a tax liability
under | ||||||
7 | the
Gas Use Tax Law.
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8 | No tax shall be imposed under this Act from July 1, 2022 | ||||||
9 | through June 30, 2023. | ||||||
10 | (Source: P.A. 93-31, eff. 10-1-03.)
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11 | Section 99. Effective date. This Act takes effect upon | ||||||
12 | becoming law.
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